1.10.24
First-Year Bonus Depreciation and SEC. 179 Expensing: Beware of Pitfalls
Eligible taxpayers can elect to use bonus depreciation or Section 179 expensing to deduct the full cost of eligible property in the year it’s placed…
1.10.24
The Advantages of Using an LLC for Your Small Business
If you operate your small business as a sole proprietorship, you may have thought about forming a limited liability company (LLC) to protect your assets.…
1.10.24
The Impact of ESG in Construction
Green building, nondiscriminatory employment policies, ethical leadership — none of these are new concepts in the construction industry. However, they’ve begun to fall under the…
1.10.24
Tax Fundamentals for Construction Businesses in the New Year
For construction business owners, the arrival of a new year should mean two things: high hopes for a busy twelve months and essential tax planning.…
1.10.24
How Construction Company Owners Can Build a Succession Plan Framework
At some time or another, construction company owners must hang up their hard hats. But what will happen to your business when you retire or…
1.9.24
Inventory Fraud: Knowledge Is Your First Line of Defense
Inventory is one of the biggest assets on a manufacturer’s balance sheet. It’s also one of the hardest assets to measure and track. Thousands of transactions…
1.9.24
Maintaining a Healthy Cash Flow Is Critical for Manufacturers
During times of economic distress and uncertainty, cash flow issues can quickly bubble to the surface. Managing and improving cash flow can help manufacturers survive…
1.9.24
Manufacturers: Pay Attention to These Six Tax-Related Items in 2024
What’s the tax outlook for manufacturers as 2024 begins? While certain provisions of the Tax Cuts and Jobs Act (TCJA) begin to phase out, other…
1.8.24
Does Your Business Have Employees Who Get Tips? You May Qualify for a Tax Credit
If you’re an employer with a business where tipping is routine when providing food and beverages, you may qualify for a federal tax credit involving…
1.3.24
Mitigating Financial Risks in the Healthcare Industry
The healthcare industry has experienced tough financial times since at least 2020. The situation has improved from the early days of the COVID-19 pandemic, but…